Nasamat Al Riyadh:

• Nasamat Al-Riyadh, KSA is a residential development in Saudi Arabia consisting of

approximately 4,000 housing units, commercial shopping areas, family activity areas,

schools, medical facilities, outdoor recreational areas, and institutional support.

• The site is approximately 320 hectares in size (800 acres) and approximately 1600

meters on four sides.

• The project will be developed in three phases starting in early 2009 and completed in

early 2014.

• Total project built up area SQMs 1.75 million

• The value of the project is approximately US$1.5 Billion for construction of infrastructure

and facilities.

 

PROJECT PROGRESS:

 

Main Project:

◦ There is still a great deal of information required to determine the final cost of the project

infrastructure.

◦ The actual design has not been finalized which has made it difficult for the owner to receive

bids from contractors.

 

Mock-up Villas:

◦ Mock-up Villas (103 & 106):

• Substructure: 100% complete except the Driver room.

• Superstructure: 100% complete except the Driver room.

• Block works: 70% complete.

• Internal Plaster works: 15% complete.

 

◦ Mock-up Villa (109):

• R.C. Footings: 100% Complete.

• R.C. Grade Beams: 100% Complete.

• G.FL. R.C. Columns: 100% Complete.

• 1st Floor R.C. slab: 100% Complete.

 

 

PROJECT PROGRESS-Cont:

 

◦ Mock-up Apartments Building:

• Foundation: 100% complete

• Steel Structure: 90% complete.

• Roof coverage: 80% complete.

• Block works: 100% complete.

• Internal Plaster: 90% Complete.

• External Plaster: 70% Complete.

• False Ceiling works: 25% Complete.

• Gypsum Board Partitions: 10% Complete

 

◦ Villas Fence:        

• Grade Beams: 100% Complete.

• R.C. Columns: 60 % Complete.

• Block works: 60% Complete.

• Plaster works: 50% Complete.

Aloula Middle East Co:

Al Oula ME incorporated as a SPV between shareholders to acquire 49% stake of DGC

project from Al Thani "the owner", while 51% remaining with Al Thani.

 

Al Oula ME Shareholders:

Al Oula Real Estate Development Co.                                    55.00%

Amwal Alkhaleej Commercial Investment Co.                   10.33%

Al Bareeq International Co.                                                     14.33%

Damas LLC                                                                                 20.33%

 

LOCATION & DESCRIPTION:

Dubai Golf City project is located in Dubai Land, Dubai, UAE on a Sq.Ft. 55 million land area.

The project will be a construction of mix use development project comprising of Golf courses,

Villas, Apartments, Mansions, Townhouses and Hotels.

 

 

PROJECT PROGRESS:

• DGC Master Plan approved on May 2007.

• DM permit approval in progress for Villa Type A, B and C, for village apartments Plot 9 & 7.

• The construction of Oasis Golf Course continues. The fine shaping is nearly complete. The

   grassed areas responded as expected. The course is expected to be ready by Fall 2009.

• The works for converting an area of warehouse to a golf maintenance area is underway.

   Delivery of maintenance equipments have been taken and put to use on as-needed basis.

• Infrastructure works for Golf course grading are in advance stage of completion. Temporary

   utilities are 100% available.

• DGC is monitoring current real estate market closely.

LOCATION:

This project is located at the eastern side of Jeddah down town near to King Abdulaziz University on the

circular road on a 538,073 m² land area.

 

PROJECT DESCRIPTION:

Jeddah Gate project is considered as Jeddah new commercial center because of its strategic location. At

present, Jeddah Municipality put the new modern design criteria in a manner to conform to the new role of

that area. Construction of the permanent exhibition has been completed at that location.

The project was launched in Nov 2007 during which the sale of first phase comprising of Al Helal towers

(residential apartments) has been started on off plan bases.

 

PROGECT PROGRESS:

• Whole project development progress is 45% till Feb 09.

• Development of 65% of Utilities and Infrastructure works.

• Development of 80% of site E3.

• Development of sites 8,9& 10 is yet to start.

• Construction 25% progressed at site E4 and at Infra site 1.

The Company:

Emaar Middle East LLC (“EME”) is a joint venture company between Emaar

Properties and Al Oula Real Estate Development. EME was incorporated in Dubai

on March 2005. EME is beneficially owned as follows:

 

(a) Emaar Properties PJSC 61%

(b) Al Oula Development. 39%

 

The projected investment for EME in Saudi Arabia stands at around SAR 10

billion over a period of 5 years. The return on projects is expected to be in the

range of 15 to 20 percent.

 

EME Projects:

•Jeddah Gate, Jeddah

•Khobar Lakes, Al khobar

•Um Al Quwain, Dubai

•Al Diriyah, Riyadh

•Abraj Albait, Makkah

LOCATION:

Bawwabat Al Sharq project is located at the western side of Dammam city on King Fahd

road which leads to King Fahad International Airport constituting the western gate of

Dammam.

 

PROJECT DESCRIPTION:

The subject project shall be considered the city gate for those who are coming from airport

and it will represent the connection chain between the Kingdom and Arabian Gulf with its

boundaries and port. The importance of the location is basically because it is easy to

approach there from Khobar, Dhahran, Sihat and Bahrain due to its location on the

intersections leading to such places. Likewise, the project location is also located within the

developmental growth planned for the City of Dammam.

 

LAND AREA:

The gate land consists of two parts on both sides of King Fahd road with total land area of

1,073,740 SQM.

 

PROJECT COMPONENTS:

The eastern gate master plan is distinguished with its green area, public gardens,

industrial lakes. The commercial plots are distributed on both sides of King Fahad

road which is considered the vital road of the entire area. Green areas have been

considered for all parts of the project.

 

COSTS:

The total cost of the project is approx. US$ 400 Million.

 

CURRENT STATUS:

In the phase of design and master plan.

LOCATION:

The industrial village is located on Dammam – Abqaiq Highway.

 

CONTENTS OF THE PROJECT:

Industrial facilities for workshops, warehouses and factories along with logistic area of

1,200,000 M2 located at the center of the project land.

 

LAND AREA:

8,257,238 SQM

 

CURRENT STATUS:

The main development works have been completed for the entire project.

70% of the project has been sold.

Involved the aloula company to develop real estate holdings in Riyadh Exhibition for Real Estate and Urban Development is in its third century, under the auspices of Prince Dr. Mansour bin Miteb bin Abdulaziz, Minister of Municipal and Rural Affairs during the period from 9 to 12 May at the Riyadh International Exhibition Centre.’s Move is the first company to develop real estate "sponsor participant" in the exhibition, which attracts major companies operating in the real estate sector and deliver a great local interest, to seek to communicate with the public beneficiaries and those concerned with real estate.